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Cost Accountant and Cost Analysis
Cost Accountant
Is a member of chief accounting officers department? And he is responsible for collecting product costs and preparing exact and timely reports to control and evaluate company operations. Cost accountants assemble, summarize and classify financial and economic data upon the production and pricing of services and goods.
Cost Analysis
Is an activity such uses engineering, motion and time studies, timekeeper's planning and records schedules from production supervisors. Cost analysis systems involve break even analysis, capital expenditure analysis, comparative cost analysis and budgeting techniques. After find out what is really happening, accountants must identify available alternatives. Then professional judgment is desired to apply and interpret the conclusions of each costing systems.
The assets and liabilities of Amos Moving Services at May 31, 2011, the end of the current year, and its revenue and expenses for the year are listed below. On April 1, 2010, the
importance of classifying cost accounting
Weston Corporation manufactures a product that is available in both a deluxe and a regular model. The company has made the regular model for years; the deluxe model was introduced
Financial Accounting It is the analysis, and recording and classification of financial transactions and the ascertainment of how that information will be reported to the diffe
FNSD analysis example
Reconciliation of Profits Reconciliation of profits disclosed by Financial Accounts and Costing Accounts in an interlocking system, While interlocking cost accounting system
Q. What is the idyllic minimum or maximum population required to use fca? Ans. FCA is not depending on size. It is merely a common-sense approach to overseeing money and k
Total fixed cost at different level of production
actual cost
Administration Costs Budget This represents the costs of all administration expenses. Every department or budget centre will be responsible for the preparation of its own bud
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